China’s stock rally gets more gas–and some risk too
The Shanghai Stock Exchange will expand the number of stocks that can be used in margin trading to 300 from the current 180. In the short-term this will push stock prices higher, especially for shares of Chinese brokerage companies. In the longer term, though, it will make a speculative, volatile market even more so.
Emerging Markets in 2013: Outperformance AND Volatility
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...China moves again to prop up stock prices in Shanghai and Shenzhen
Stocks on China’s three markets rallied overnight after the head of the China Security Regulatory Commission said that China could increase ten-fold two programs that allow foreign investors to buy stocks and bonds on mainland markets. As you might imagine, investors and traders in China took this as a sign that the Beijing government wants stocks to go up.
Is today a turn in Tokyo markets that puts Japanese stocks back in rally mode?
One day doesn’t a rally make, butfter sagging for two days, shares in Japan and China are up today. The Shanghai Composite Index was down 0.03%, essentially unchanged. Today’s action re-enforces my belief that the decline in the first two days of the week was the normal pause that follows on a big advance like that recorded by the Tokyo market since the nid-December election.
Stock picks for my “relatively positive” view of the fourth quarter
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The next macro event that will drive stocks? My bet is on announcements of new stimulus efforts from China
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Is confidence creeping (slowly) back into China’s stock markets?
Speculation that financial authorities will use next week’s Golden Week holiday, when stock markets in China are closed, to announce a new stimulus plan for the country’s financial markets does, in the short term, explain the rally today and for this week
China’s stocks drop further on fears the stimulus isn’t very stimulating
For the day at least Chinese markets are trading on the pessimistic view continuing last week’s 4.6% drop. The Shanghai index is now down 9% for the year and prices are near 2009 lows.
Emerging market commodity stocks soar on Fed’s QE3–will the rally develop staying power?
Don’t just look at the amazing 2.9% gain in Hong Kong’s Hang Seng Index over night on the Federal Reserve’s announcement of a new program of quantitative easing. Look at what went up. The risk-on trade is clearly on, even within what is a risk-on category (Chinese stocks) to begin with.
Last central bank standing: Using the People’s Bank to guide your investing strategy in China
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What will it take to turn pessimism around on China?
Incremental moves by the People’s Bank and China’s central government haven’t been enough to to convince investors that the growth slump in the Chinese economy is about to end
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